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Bloomberg increases money for Brooklyn BIDs

Bloomberg increases money for Brooklyn BIDs

Mayor Michael Bloomberg. File photo

NYC Mayor's Office

Mayor Michael Bloomberg on Monday signed Introductory Number 972, sponsored at the request of the administration by Brooklyn Council Members Mathieu Eugene (D-Flatbush) and Domenic Recchia (D-Coney Island/Gravesend).

Introductory Number 972 increases the annual expenditure for seven business improvement districts, including two in Brooklyn.

“Business Improvement Districts, also known as “BIDs,” are voluntarily formed community organizations that promote business development and improve the quality of life in neighborhoods across the city. Established by local law, BIDs are self-funded by local property owners and are overseen by the city’s Department of Small Business Services,” said Bloomberg.

“To date, twenty-three BIDs have been established under our Administration, which provide maintenance and sanitation services, security services, marketing and promotion of local businesses, holiday lighting, economic development, beautification, and landscaping to a variety of neighborhoods. The services provided to the community are essential to ensuring that small businesses, and the neighborhoods in which they operate, are given every opportunity to succeed.”

Introductory Number 972 increases the annual assessment amount of the following BIDs: Kings Highway in Brooklyn, North Flatbush Avenue in Brooklyn, Fifth Avenue Association in Manhattan, Bryant Park in Manhattan, Downtown-Lower Manhattan, , 47th Street in Manhattan, and Madison/23rd/Flatiron/Chelsea in Manhattan.

“I would like to thank the Department of Small Business Services Commissioner Rob Walsh and his staff for working together with these communities to help strengthen and expand services in these BIDs. I would also like to thank the Council for approving this legislation,” said Bloomberg.